Factbox-Financial firms line up spot bitcoin exchange-traded fund applications

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Reuters UK

(Reuters) – Financial firms are once again lining up to attempt to get their proposed spot bitcoin exchange-traded-funds approved by the U.S. securities regulator. The Securities and Exchange Commission (SEC) has rejected dozens of applications, saying the proposals have not met anti-fraud and investor protection standards. These are the major firms with live SEC applications: BLACKROCK – The world’s biggest asset manager filed for a bitcoin ETF on June 15. BlackRock’s iShares Bitcoin Trust, if approved, will trade on the Nasdaq and use Coinbase Custody as its crypto custodian and BNY Mellon a…

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